infoTECH News

[December 17, 2012]

Dell Set to Possibly Rebound After Yesterday's Selloff of 1.68%

Dec 17, 2012 (SmarTrend(R) News Watch via COMTEX) --
Dell (NASDAQ:DELL) traded in a range yesterday that spanned from a low of $10.18 to a high of $10.48. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $10.32 on volume of 20.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

Over the past year, Dell has traded in a range of $8.69 to $18.36 and is now at $10.26, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Dell. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dell in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com
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